If you’re searching for a reliable Forex broker, you might have come across FXTM (ForexTime). But is FXTM legit? Does it offer good trading conditions? In this detailed FXTM review, we’ll cover everything you need to know—regulation, trading platforms, fees, account types, and more.
By the end of this review, you’ll know whether FXTM is the right broker for you.
FXTM Overview
FXTM (ForexTime) is a well-known Forex and CFD broker founded in 2011. The broker is popular for its low spreads, multiple account types, and strong regulation. FXTM offers trading on:
- Forex (Currency Pairs)
- Stocks & Indices
- Commodities (Gold, Oil, etc.)
- Cryptocurrencies (Bitcoin, Ethereum, etc.)
FXTM is trusted by millions of traders worldwide, but is it the best choice for you? Let’s find out.
FXTM Regulation & Safety
Safety is the most important factor when choosing a broker. FXTM is regulated by top financial authorities, including:
- FCA (UK) – Strict rules for client protection.
- CySEC (Cyprus) – Follows EU financial laws.
- FSCA (South Africa) – Regulates FXTM’s African operations.
- FSC (Mauritius) – Additional regulation for global clients.
Is FXTM safe? Yes, because:
✔️ Segregated client funds (your money is kept separate from the company’s funds).
✔️ Negative balance protection (you can’t lose more than your account balance).
✔️ Licensed by multiple regulators (ensures compliance with strict rules).
FXTM Account Types
FXTM offers different account types to suit all traders:
1. Standard Accounts
- Standard – No commission, spreads from 1.5 pips.
- Standard Cent – For beginners (trade in cents instead of dollars).
2. ECN Accounts
- ECN Zero – Tight spreads from 0 pips + commission.
- FXTM Pro – For professional traders (lower fees).
3. Demo Account
- Free virtual $50,000 to practice trading.
4. Islamic Account (Swap-Free)
- No overnight fees – Compliant with Sharia law.
FXTM Trading Platforms
FXTM supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the most popular trading platforms.
✔️ MT4 – Best for Forex traders (easy to use, expert advisors).
✔️ MT5 – More assets (stocks, futures, crypto).
✔️ FXTM Trader App – Mobile trading on the go.
Both platforms offer:
✅ Advanced charting tools
✅ Automated trading (Expert Advisors)
✅ One-click trading
FXTM Fees & Spreads
FXTM’s fees depend on your account type:
| Account Type | Minimum Spread | Commission |
|---|---|---|
| Standard | From 1.5 pips | $0 |
| ECN Zero | From 0 pips | $2 per lot |
| Pro | From 0 pips | $0.4 per lot |
Other fees:
- Overnight fees (swap) – Charged for holding positions overnight.
- Inactivity fee – $5/month after 6 months of no trading.
Are FXTM fees competitive? Yes, especially for ECN accounts.
Deposits & Withdrawals
FXTM supports multiple payment methods:
💳 Credit/Debit Cards (Visa, Mastercard) – Instant deposits.
📲 E-Wallets (Skrill, Neteller, PayPal) – Fast withdrawals.
🏦 Bank Transfer – Takes 1-5 business days.
💰 Cryptocurrency (Bitcoin, USDT) – Available for some regions.
Minimum deposit:
- $10 (Standard Cent account).
- $500 (ECN accounts).
Withdrawal time:
- E-Wallets: Within 24 hours.
- Bank Transfer: 2-5 business days.
FXTM Pros & Cons
✅ Pros:
✔️ Strong regulation (FCA, CySEC, FSCA).
✔️ Low spreads (from 0 pips on ECN accounts).
✔️ Multiple account types (Cent, Standard, ECN, Islamic).
✔️ MT4 & MT5 available.
✔️ Fast withdrawals.
❌ Cons:
❌ High minimum deposit for ECN accounts ($500).
❌ Inactivity fee after 6 months.
FXTM Customer Support
FXTM offers 24/5 customer support via:
📞 Live Chat – Fast response.
📧 Email – Replies within 24 hours.
🌍 Local offices – Available in many countries.
Is FXTM support helpful? Yes, most traders report quick and professional assistance.
FXTM Bonuses & Promotions
FXTM sometimes offers:
🎁 Deposit bonuses (Check their website for current offers).
📊 Trading contests (Win cash prizes).
⚠️ Note: Bonuses come with trading conditions—always read the terms.
Final Verdict: Is FXTM a Good Broker?
Yes, FXTM is a trusted and well-regulated broker with competitive spreads, multiple account types, and strong trading platforms.
Best for:
✔️ Beginners (Cent accounts, demo trading).
✔️ Advanced traders (ECN accounts, tight spreads).
✔️ Muslim traders (Islamic accounts).
Not ideal for:
❌ Traders who want zero inactivity fees.
❌ Those looking for ultra-low ECN deposits (minimum $500).
⭐ Overall Rating: 4.5/5
Frequently Asked Questions About FXTM
1. Is FXTM a scam?
No, FXTM is regulated by FCA, CySEC, and other authorities, making it a safe broker.
2. What is the minimum deposit for FXTM?
$10 for Cent accounts, $500 for ECN accounts.
3. Does FXTM have a demo account?
Yes, you can practice with a free $50,000 demo account.
4. Which is better: FXTM or XM?
Both are good, but FXTM offers lower ECN spreads, while XM has lower minimum deposits.
5. Can I trade crypto on FXTM?
Yes, FXTM offers Bitcoin, Ethereum, and other cryptos as CFDs.
Conclusion
FXTM is a reliable, regulated broker with good trading conditions. If you want low spreads, multiple account options, and strong platforms (MT4/MT5), FXTM is a great choice.
👉 Open an FXTM Account Now (Visit their official website for the latest offers).
This FXTM review covered all the key details—safety, fees, account types, and pros & cons. If you found it helpful, share it with other traders!
